G R Infraprojects Acquires Tumkur-II REZ Power Transmission
G R Infraprojects has acquired Tumkur-II REZ Power Transmission from REC Power Development and Consultancy for about INR 6.72 Crore via a share purchase agreement.
September 04, 2024. By EI News Network
TRPTL, was a wholly owned subsidiary formed by RECPDCL having an authorized and paid-up share capital of INR 5,00,000 divided into 50,000 equity shares of INR 10 each.
“G R Infraprojects has been identified as the Selected Bidder vide Letter of Intent dated August 12, 2024, for Project ‘Establishment of 400/220 kV 4x500 MVA Pooling Station near Tumkur, Karnataka, Tumkur-II – Tumkur (Pavagada) line 400 kV (Quad ACSR Moose) D/c line and 2x125 MVAr 420 kV bus reactors with bays at Tumkur-II PS’,” informed the company is regulatory filing.
It further noted that as a condition of the RFP of the project, in order to undertake the project, the company shall purchase the shares of Tumkur-II REZ Power Transmission from REC Power Development and Consultancy which was the Bid Process Co-Ordinator.
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